In September 2024, the US Department of Commerce initiated anti-dumping and countervailing duty investigations into exports of zinc-coated, cold-rolled, and color-coated steel products from Vietnam. This caused a temporary disruption in export activities to the US for Hoa Sen Group due to customer caution.
However, the Group has effectively leveraged its core competitive advantages by exploring and expanding into new high-potential export markets and diversifying its export products to over 90 countries and territories.
With a strong domestic market presence through its Hoa Sen Home construction materials and furniture supermarket system, comprising over 400 stores across 63 provinces, the Group has also boosted domestic consumption of its products.
Demonstrating its agility and adaptability to market fluctuations, the Group achieved positive consolidated business results for the first six months of the 2024-2025 financial year:
According to the Vietnam Steel Association, Hoa Sen Group maintained its leading market share in Vietnam for coated steel sheets (29%) and ranked second for steel pipes (15%).
The Group’s consolidated output reached 946,648 tons, fulfilling 49% of the plan. Consolidated revenue amounted to VND 18,674 billion, achieving 53% of the plan. Consolidated after-tax profit reached VND 371 billion, accomplishing 74% of the high-end plan as follows:
Additionally, during the first six months of the 2024-2025 financial year, the Group recorded a positive cash flow from operating activities of nearly VND 2,030 billion. This financial stability enables the company to proactively manage its debt obligations, enhancing its financial security and reputation with banks and partners.
Despite the temporary halt in exports to the US over the past six months since September 2024, the positive business results for the first six months of the 2024-2025 financial year highlight the Group’s resilience and adaptability to market fluctuations. The US tariff policy has not significantly impacted the Group’s business operations.
The Group continued its strong performance in April 2025, with estimated business results as follows:
Thus, for the first seven months of the 2024-2025 financial year, HSG achieved 57% of the output plan, 58% of the revenue plan, and 92% of the after-tax profit plan according to the high-end scenario. The early achievement of the after-tax profit plan indicates that the Group is operating with a higher profit margin than planned, reflecting its improved operational efficiency.
With these positive business results, Hoa Sen Group is optimistic about surpassing the business targets for the 2024-2025 financial year, as approved by the General Meeting of Shareholders, according to the high-end scenario.
“Pride of Vietnam” – Poshaco asserts its position with quality and authenticity.
On April 22, Poshaco Group, a leading manufacturer and supplier of high-quality roofing and insulation steel sheets, successfully hosted a customer conference and launch event for its new glazing technology (Glmag) in Hung Yen.
“SHS Distributes 81.3 Million Shares as 2023 Dividend Payout and Capital Increase”
SHS has successfully distributed 81.3 million shares as a 2023 dividend payout and has increased its charter capital from equity. This move has resulted in a substantial boost to the company’s authorized capital, which now stands at VND 8,944.6 billion.
The Ultimate Guide: Selling to the US Market
At this moment, Vietnamese-origin goods have a distinct advantage; businesses should not consider hiding their origins or using dual invoicing for shipments destined for the US market.
Crafting an Ecosystem from FTAs to Adapt to Trade Wars and the US’ Countervailing Duty Policies
Leveraging Free Trade Agreements (FTAs) in production strategy, optimizing input sourcing strategies, and ensuring compliance with rules of origin to enhance competitiveness and adapt to the trade war and the US’ countervailing duty policies.
The Vietnamese Steel Market in Q1 2025: A Tale of Domestic Revival and Export Standstill
The domestic steel industry witnessed robust growth in the first quarter of 2025, with production and consumption on the rise, fueled by an economic rebound and robust public investment disbursements. However, steel exports faced significant headwinds due to international trade barriers, plunging into a deep decline and presenting fresh challenges for steel companies.
